DreamWorks Animation Collaboration (Essay Sample)

RUNNING HEAD: DREAMWORKS ANIMATION COLLABORATION
DreamWorks animation collaboration
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DreamWorks Animation Collaboration
How can companies use Halo to increase their business efficiency?
Most companies have resorted to international and regional trade as a way of increasing revenue. One major challenge that faces these companies is the ability to effectively communicate with branches in different countries or regions without worrying about the quality and security of information being passed. Halo allows individuals to effectively communicate in real time. The feature uses high quality technology with resolution cameras that allow participants to have access to details in the other Halo room with ease. Moreover, Halo can be used by company executives at any location be it across land or sea.
This gives a company the opportunity to carry out business meetings without having to travel to a specific location. Apart from saving funds the use of Halo gives a company the opportunity to save time. The use of halo also facilitates business expansions since it quickens the process of decision making where executives from different locations can come together and rationally discuss business goals with ease. It is therefore evident that the use of halo plays an important role when it comes to company expansion, decision making, it is also time and cost saving (Addicott & McGivern, 2006).
Explain how a company like PepsiCo can use Halo to gain a competitive advantage in its industry.
PepsiCo is a multinational organization based in New York United States. It focuses on the production of snacks and beverages. PepsiCo has subsidiaries worldwide including Africa and other Asian countries. The company faces competition from major companies such as Coca-Cola among others. It is therefore important to apply all means possible to ensure that they are a step ahead of their competitors. The use of halo does not only give PepsiCo the ability to carry out business meetings across the globe but increases the rate at which the company makes decisions and implements them (Nanjappa & Grant, 2003). This makes it easy to roll out and implement plans aimed at boosting their competitive advantage before their competitors do so. The use of halo also gives them an opportunity to seal business deals as quickly as possible (Addicott & McGivern, 2006). Therefore, the use of halo will see to it that PepsiCo is a step ahead of its competitors when it comes to certain corporate aspects such as decision making and implementing the same.
How can knowledge management be increased by using a product such as Halo?
Knowledge Management is the identification, creation, representation and distribution and adoption of both experiences and insights. These experiences and insights include knowledge which can be found in individuals or organization processes. Knowledge management is an aspect when it comes to business administration. The use of Halo is important since it makes it easy for an organization to distribute or identify knowledge either found in an individual or a given business process. The use of halo makes it possible for a company to get in touch with all its branches and subsidiaries when it comes to sharing of information or ideas.
The use of present’s opportunities for individuals to give their insights on a particular issues hence improving knowledge management. Through halo executives can discuss company processes and establish certain aspects that need to be improved or removed. Through the discussion of insights and experiences from certain company processes a business can acquire ideas on how certain things should be carried out or should have been carried out (Nanjappa & Grant, 2003). Through the application of Halo an organization can easily boost its knowledge base through knowledge management (Addicott & McGivern, 2006). This is due to the fact that halo gives individuals an ability to present their insights and executives can discuss exhaustively and acquire insights and experiences from company process.
Why would a company like DreamWorks, which is not IT focused, be interested in collaboration technology?
Quick product delivery is very important when it comes to boosting consumer loyalty. Quick product delivery also ensures a company uses little resources when it comes to product development. The use of collaboration technology plays an important role when it comes to quick product development especially in the movie industry where a product is developed in different locations. For example through the use of Halo, DreamWorks was able to produc...